Segulah’s PMC sells Servi to Ferd

The transaction is subject to competition clearance.

PMC is part of Segulah III LP's portfolio. Following the sale of Servi, PMC will have annual revenues of close to SEK 2bn. The group will consist of companies in Sweden, Denmark, Finland, Poland, China, India and the US.

Segulah's portfolio includes PMC, S:t Eriks, Kemetyl, Almondy, Gunnebo Industries, European Travel Interactive, Scan Coin, Balco, CCS Healthcare and Beerenberg.

Ferd Capital is a part of Ferd, a family-owned Norwegian industrial and financial group. Ferd plans to assist Servi with its global growth strategy in the offshore industry.

Company
Servi is a provider of hydraulic solutions and systems to the Norwegian offshore oil and gas industry.

It serves a range of blue-chip customers among equipment manufacturers, yards and fleet owners. Servi recently opened a sales office in Houston, Texas.

The company reported a turnover of NOK 777m and an EBITDA of NOK 93m in 2012.

People
Mikael Andersson is the CEO of PMC.

Advisers
Vendor – Baird (Corporate finance).

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